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Campbell, Inc. sells fireworks. The company's marketing director developed the following cost of goods sold budget for April May June, and July June April $62,000 May $72,000 July $88,000 $82,000 Budgeted cost of goods sold Campbell had a beginning inventory balance of $2,700 on April 1 and a beginning balance in accounts payable of $13,900. The company desires to maintain an ending inventory balance equal to 15 percent of the next period's cost of goods sold Campbell me all purchases on account. The company pays 70 percent of accounts payable in the month of purchase and the remaining 80 perc in the month following purchase Required a. Prepare an inventory purchases budget for April, May, and June b. Determine the amount of ending inventory Campbell will report on the end-of-quarter pro forma balance sheet c. Prepare a schedule of cash payments for inventory for April May, and June d. Determine the balance in accounts payable Campbell will report on the end-of-quarter pro forma balance sheet Complete this question by entering your answers in the tabs below. Next Prepare an inventory purchases budget for April, May, and June. April May June $ 62,000 $ 72,000 $ 82,000 Inventory Purchases Budget Budgeted cost of goods sold Plus: Desired ending inventory Inventory needed Less: Beginning inventory Required purchases (on account) 72,000 82,000 62,000 (2.700) 59,3005 $ 72,000 $ 82,000 A Required B c. Prepare a schedule of cash payments for inventory for April May, and June d. Determine the balance in accounts payable Campbell will report on the end of quarter pro forma balance sheet Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Determine the amount of ending inventory Campbell will report on the end-of-quarter pro forma balance sheet. Ending inventory